EPAM Systems Inc (EPAM)

Current ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	3,091,360	2,925,290	2,871,970	2,830,790	2,759,620	2,527,990	2,359,680	2,266,750	2,269,480	2,092,190	2,038,020	2,004,720	1,912,780	1,752,220	1,598,340	1,507,740	1,474,210	1,364,690	1,285,820	1,244,750
Total current liabilities	US$ in thousands	644,932	613,578	584,065	682,858	747,483	727,957	684,703	683,252	763,420	632,547	522,948	463,761	465,950	414,831	365,580	389,321	386,948	311,470	272,614	282,566
Current ratio		4.79	4.77	4.92	4.15	3.69	3.47	3.45	3.32	2.97	3.31	3.90	4.32	4.11	4.22	4.37	3.87	3.81	4.38	4.72	4.41

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $3,091,360K ÷ $644,932K
= 4.79

EPAM Systems Inc has consistently maintained a strong current ratio over the past year, indicating a healthy liquidity position. The current ratio has shown an increasing trend from Q1 2022 to Q2 2023, reaching a peak of 4.92 in Q2 2023. This indicates that the company's current assets are significantly higher than its current liabilities, providing ample resources to meet short-term obligations. The values above 1 suggest a good ability to cover short-term debts, with higher current ratios indicating greater financial stability. EPAM Systems Inc's current ratio has remained above 3 throughout the eight quarters analyzed, reflecting a robust liquidity position that enhances the company's ability to weather economic uncertainties and capitalize on opportunities for growth.